USD/CHF

USD/CHF close to being overbought. Bearish below 0.96.

The opening price is above the pivot 0.9619 which indicates the uptrend.
Support Level: 0.9600, 0.9580, 0.9561.
Resistance Level: 0.9639, 0.9658, 0.9678.
The MACD histogram is above the zero level.
Parabolic SAR indicator (step 0.02, max 0.2) indicates the price is moving up.

Trading recommendations: Buy.
TP: On the resistance level: 0.9639, 0.9658, 0.9678.
SL: One level below the entry point.

Considering the price/oscillator divergence, I guess that the bullish trend will be kept.

0.9696 seems to be tougn resistance.

The Franc is depreciating this week.

Looking to go short this week. Good opportunity.

...

USD/CHF keeps rising and reached levels from late December. Next target for bulls comes with 0.9850.

I agree , Daily SMA400 is strong there and strong down move to daily sma200 is in the way

Price gonna fall from daily simple moving average 400 to daily moving average 200


*USD/JPY on 8H sma300
*USD/CAD on daily sma300

Strong move in the way

Interesting to see what the next week brings to the pair.

Guys, what's your take on USDCHF now?
Do you think the resistant line at 0.99195 will break toward another bullish trend?
We had a very sharp downward spike a few hours back in less than 2 minutes. What was that all about? And shall we ignore it?
Also there is what seems to be a bullish tunnel in M15. (Pic below) Do you think it can break towards downtrend?
Thanks

i am waiting this pair to drop USDCHF

Looks like it is reaching a decisive moment after the channel.
All EU banks are on holidays today, which is why we see no big movement.

Personally - I don't think it's going to run much higher - it's on a zone by my checks. If it breaks then it may go up a bit more (expecting 1.00000), but if it turns then it may go back down to about 0.98630. That's just my thought still. The more experienced guys/girls can say if my thoughts are within expectations.

USD/CHF eased around 0.9950. Short-term indicators are turning to south and the pair miht meet the support provided bu the 20-day SMA at 0.9925.

Can someone explain this daily chart to me please???
It's been 21 daily candles now without a proper correction!

In the USD/CHF; Monthly turned in to a buy. Pushing through monthly COP at 0.9973



And the weekly; An up thrust is forming, market not respecting weekly F5 resistance at 0.9900



Looking at our daily timeframe; we see 19 bars over 3*3 DMA. Perfect thrust ..

We can either wait for B&B or fade 4hr sell signals at fib supports. Disrespected weekly 0.99 can be a good spot..

My USD/CHF daily forecast:

The strong US dollar’s rally might bring buying interest beyond 1.0050-60 area.

Expecting this pair to correct with 250-300 pips.